London Mining Plc’s Outperform Rating Reaffirmed at Credit Suisse (LOND)
London Mining Plc (LON:LOND)‘s stock had its “outperform” rating restated by investment analysts at Credit Suisse in a note issued to investors on Thursday. They currently have a GBX 140 ($2.40) target price on the stock. Credit Suisse’s target price points to a potential upside of 190.16% from the company’s current price.
Shares of London Mining Plc (LON:LOND) traded down 4.04% during mid-day trading on Thursday, hitting GBX 47.50. 1,576,256 shares of the company’s stock traded hands. London Mining Plc has a 52-week low of GBX 26.75 and a 52-week high of GBX 149.75. The stock’s 50-day moving average is GBX 37.36 and its 200-day moving average is GBX 67.52.
Other equities research analysts have also recently issued reports about the stock. Analysts at Investec reiterated a “buy” rating on shares of London Mining Plc in a research note on Thursday. They now have a GBX 57 ($0.98) price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of London Mining Plc in a research note on Monday, July 7th. They now have a GBX 110 ($1.88) price target on the stock. Finally, analysts at Jefferies Group cut their price target on shares of London Mining Plc from GBX 160 ($2.74) to GBX 100 ($1.71) in a research note on Friday, June 20th. They now have a “buy” rating on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. London Mining Plc presently has an average rating of “Buy” and a consensus target price of GBX 127.75 ($2.19).
London Mining Plc is developing mines to supply the global steel industry. The Company has iron ore exploration and development projects located in Sierra Leone, Saudi Arabia, Greenland, China and Chile, and a coking coal project in Colombia.
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